Post Utme Uniosun 2019 Commerce Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2019 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNIOSUN • 2019 • COMMERCE • objective

A bank offers a loan to a customer at an interest rate of 12% per annum. If the loan amount is ₦100,000, how much will the customer pay back after 2 years?

Answer Options

A. ₦120,000
B. ₦124,000
C. ₦128,000
Correct Answer D. ₦132,000
Correct Answer
D
Correct Option:
₦132,000

About This Question

This is Post Utme Uniosun 2019 Commerce Question 8. It is one of the objective questions from the 2019 Post Utme Uniosun Commerce examination.

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